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DAILY NEWS LETTER

Date: 29.10.2019

Nifty Short Term Trend

The Nifty50, after facing volatility and lacklustre trading

throughout the session, finally settled on a flat note October

25. The index closed above 11,600 level and formed a sideways

candle on the daily charts as closing was higher than the

opening value. On Friday, the Nifty50 opened sharply higher at

11,646.15 and hit an intraday high of 11,646.90, but remained

highly volatile from morning trade itself. It lost all its gains and

hit a day's low of 11,490.75 in afternoon, but immediately

started recouping those losses and finally closed 1.30 points

higher at 11,583.90. Despite visible weakness of last four

sessions, the Nift50 appears to be attracting buying interest on

dips, atleast as of now. Unless Nifty sharply corrects below

11,500 levels, traders can remain cautiously optimistic and look

for stock specific opportunities. For today’s session if Nifty

sustains below 11,600 then we might see some more profit

booking until 11,550-11,500 levels while on the higher side

immediate resistance can be seen at 11,675-11,725.

The Nifty Bank also remained volatile, but gained momentum in

last couple of hours of trade to close 0.99 percent higher at

29,395.95 and formed bullish candle which resembles Hammer

kind of pattern on daily charts as dips are being bought. The

index also closed a percent higher for the week and formed Doji

kind of pattern on weekly scale, which suggests tug of war

between bulls and bears. Now Bank Nifty has to continue to

hold above 29,200 to witness a bounce towards 29,700 while a

hold below the same could drift it towards 29,000 then 28,800

levels.

Levels to watch

R1 R2 S1 S2 Outlook for the Day Short term Outlook

NIFTY 11675 11725 11550 11500 Sideways Positive

BANK NIFTY 29200 29700 29000 28800 Sideways Positive

USD/INR 70.95 71.20 70.55 70.28 Positive Positive

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Financial & Economic Wrap Up

The commerce ministry is working on a proposal to

allow domestic companies to make payments in the

rupee currency for services obtained from special

economic zone units, sources said. The proposal is

aimed at promoting the growth of IT units in special

economic zones (SEZs).

Bengaluru-based realty firm Salarpuria Sattva is

entering into affordable housing segment and plans to

develop two projects in the IT city with an estimated

investment of around Rs 900 crore. Salarpuria Sattva is

one of the leading real estate developer in South India.

It focuses more on commercial real estate projects.

Jubilant Cadista Pharmaceuticals Inc is recalling 63,216

bottles of Pantoprazole Sodium delayed-release

tablets in the American market and Puerto Rico, as per

the latest report of the US health regulator. The

tablets are used for the short-term treatment of

erosive esophagitis associated with gastroesophageal

reflux disease (GERD). Jubilant Cadista

Pharmaceuticals Inc is recalling 63,216 bottles of the

tablets in the strength of 40 mg, manufactured by

Jubilant Generics Ltd at its Roorkee plant, the

Enforcement Report of the US Food and Drug

Adminstration (USFDA) said.

GVK Group companies have entered into definitive

agreements with subsidiaries of the Abu Dhabi

Investment Authority, Canada's Public Sector Pension

Investment Board and National Investment and

Infrastructure Fund to raise Rs 7,614 crore

investments into GVK Airport Holdings Limited.

GVKAHL is the holding company of Mumbai

International Airport Limited (MIAL) and engaged in

the business of developing, operating and managing

the Chhatrapati Shivaji Maharaj International Airport,

Mumbai and development of Navi Mumbai

International Airport.

Indian capital markets witnessed a net inflow of over

Rs 3,800 crore by foreign portfolio investors (FPI) in

October so far on the back of steps taken by the

government to revive domestic demand coupled with

positive global cues. The depositories data showed

that overseas investors pumped in a net amount of Rs

3,769.56 crore into equities and Rs 58.4 crore in the

debt segment, taking the total net investment to Rs

3,827.9 crore in this month so far.

Indices Performance

Index LTP Previous Close % Change

S&P BSE Sensex 39250.20 39058.06 0.49%

Nifty 50 11627.15 11583.90 0.37%

Nifty Midcap 50 4464.50 4447.30 0.39%

Nifty 500 9478.35 9431.10 0.50%

Bank Nifty 29516.30 29395.95 0.41%

Institutional Flows (Cash Segment)

Description (Rs in Cr) BUY SELL NET

FII Activity 31.73 25.12 6.61

DII Activity 60.91 6.52 54.39

FIIs Derivative Statistics

BUY SELL

No. of Contracts

Amount (INR. Cr.)

No. of Contracts

Amount (INR. Cr.)

Index Futures 92 6.88 151 9.62

Index Options 19214 1309.11 19309 1315.25

Stock Futures 3142 160.05 2139 123.56

Stock Options 1887 136.96 1930 138.49

Top OI Gainers

Scrip LTP % Change

in Price OI % Change

in OI

TATAMOTORS 148.25 16.78 46024 14.02

TATAELXSI 783.7 2.88 3745 5.55

ICICIBANK 469.25 -0.16 89044 4.08

TATAMTRDVR 67.35 17.03 8510 3.83

MARICO 386.4 -1.74 5087 3.29 Top OI Losers

Scrip LTP % Change

in Price OI % Change

in OI

MFSL 410 1.50 2409 -2.15

VOLTAS 703.8 0.43 3592 -1.83

UBL 1320.15 -1.53 2561 -1.76

STAR 371.05 -0.62 2849 -1.32

LT 1435.2 0.49 46790 -1.23 **Change from average Quantity, rest other % are over previous day’s close unless otherwise mentioned

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Put Call Ratios

OI Wise Volume wise

BOSCHLTD 3.40 BEARISH CUMMINSIND 15.00 BEARISH

HINDUNILVR 1.54 BEARISH MFSL 3.80 BEARISH

DLF 1.49 BEARISH GRASIM 3.19 BEARISH

EICHERMOT 1.47 BEARISH SIEMENS 2.00 BEARISH

BERGEPAINT 1.44 BEARISH RECLTD 2.00 BEARISH

w

0

2,000,000

4,000,000

10900 11100 11300 11500 11700Op

en

Inte

rest

Strike Price

Open Interest-Call/Put

CE-OI PE-OI

-200000

0

200000

400000

Ch

ange

in IO

Strike Price

Change in Open Interest - Call/Put

Change in OI-CE Change in OI-PE

Nifty OI – Call Put Analysis

F&O Wrap-up

• Nifty October series future closed at 11625 Discount of 2.15 Point compared to Nifty spot which closed at 11627.15

• Nifty OI wise Put-Call ratio stood at 1.01 and volume wise put-call ratio stood at 0.86

• India VIX has decreased by 4.03 percent and closed at 15.5850

• The open interest in Nifty Futures increased from 14,38,864 to 14,68,157

Quarterly Results Today (Q2)

ATLAS CYCLES (HARYANA) LTD. MANRAJ HOUSING FINANCE LTD.

BETALA GLOBAL SECURITIES LTD. PETRONET LNG LTD.

BHARTI AIRTEL LTD. PONDY OXIDES & CHEMICALS LTD.

BHARAT IMMUNOLOGICALS & BIOLOGICALS CORPORATION LTD. Response Informatics Ltd

DCM SHRIRAM INDUSTRIES LTD. Sellwin Traders Ltd

DELTON CABLES LTD. Shree Securities Ltd

HINDUSTAN ZINC LTD. SKF India Ltd

Indo Cotspin Ltd TATA METALIKS LTD.

J. Taparia Projects Ltd Wonderla Holidays Ltd

Corporate Action

Company Ex-Date Purpose Record Date ASTRAL POLY TECHNIK LTD. 31-Oct-19 Interim Dividend - Rs. - 0.4000 2-Nov-19

GRANULES INDIA LTD. 31-Oct-19 Interim Dividend - Rs. - 0.2500 2-Nov-19

HCL TECHNOLOGIES LTD. 31-Oct-19 Interim Dividend - Rs. - 2.0000 1-Nov-19

ICICI Lombard General Insurance Company Ltd 31-Oct-19 Interim Dividend - Rs. - 3.5000 1-Nov-19

IIFL Wealth Management Ltd 31-Oct-19 Interim Dividend - Rs. - 10.0000 1-Nov-19

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